Growth strategy still in line with New Economic Policy principles


  • Nation
  • Tuesday, 26 Jul 2005

PUTRAJAYA: The Government is still committed to a growth strategy as a means of enlarging the economic cake for all Malaysians regardless of race, Deputy Prime Minister Datuk Seri Najib Tun Razak said. 

He said that such measures were actually in line with the principles contained under the New Economic Policy (NEP). 

He said the NEP stressed on the need to ensure the continuous development of the country’s economy so that the economic cake could be further enlarged. 

“The Government is still committed to a growth strategy so that there is no reason for other races to worry.  

Najib: ‘There is no reason forother races to worry’

“In fact, when the NEP was in place, their interests were not at all affected and this we can prove by facts and figures we have already provided,” he told reporters after launching the conference of public service commissions at a leading hotel here yesterday. 

Najib was commenting on remarks by Gerakan president Datuk Seri Dr Lim Keng Yaik that it was inappropriate to raise the NEP issue at the recently concluded Umno general assembly as it was a matter of national interest. 

“We have never perceived the NEP as a policy based on any one race,” stressed Najib. 

He said that the delegates were merely making a point about the need to realise the NEP’s promises to the Malays. 

On Dr Lim’s call to Malay leaders to find out the reason why the community had failed to achieve 30% share of the economy despite the NEP being implemented for 30 years, Najib said many self-evaluation exercises had been undertaken to pinpoint the sources of the failure. 

He said the sources of the NEP’s failure included the attitude of the Malays in wanting to reap quick profits and the leakage of bumiputra contracts to others. 

In Kuala Lumpur, the Malay Businessmen and Industrialists Association of Malaysia said it was up to the Malay community to ensure that the objective of having a 30% share of the economic cake was achieved. 

Its president Datuk Moehamad Izat Emir said the community was getting too comfortable with its position with the help and subsidies provided by the Government.  

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